Civic Intelligence

Summit Community Association

990 • Fiscal year 2022 • EIN 33-0400250

Jan 01, 2022 to Dec 31, 2022 • Filed on May 31, 2024

Organization ProfileN/A
15241 Laguna Canyon RoadIrvine, CA 92618

(949) 448-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.07x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Net Margin

52nd percentile

8.6%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Asset Growth

51st percentile

1.2%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

7.6%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$6,860,425

Up $78,230 (+1.2%) from 2021

Net Assets

Up

$6,722,869

Up $173,776 (+2.7%) from 2021

Liabilities

Down

$137,556

Down $95,546 (-41%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin52nd percentile

Revenue

Up

$2,020,656

Up $143,468 (+7.6%) from 2021

Expenses

Up

$1,846,880

Up $237,299 (+15%) from 2021

Net Income

Down

$173,776

Down $93,831 (-35%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $6,395,290Liabilities 2020: $113,804Net Assets 2020: $6,281,4862020Assets 2021: $6,782,195Liabilities 2021: $233,102Net Assets 2021: $6,549,0932021Assets 2022: $6,860,425Liabilities 2022: $137,556Net Assets 2022: $6,722,8692022Assets 2023: $7,326,584Liabilities 2023: $191,255Net Assets 2023: $7,135,3292023Assets 2024: $7,773,212Liabilities 2024: $170,504Net Assets 2024: $7,602,7082024

Highlighted filing

2022

Assets$6,860,425
Liabilities$137,556
Net Assets$6,722,869
Open 2022 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2020: $1,918,943Expenses 2020: $1,691,366Net Income 2020: $227,5772020Revenue 2021: $1,877,188Expenses 2021: $1,609,581Net Income 2021: $267,6072021Revenue 2022: $2,020,656Expenses 2022: $1,846,880Net Income 2022: $173,7762022Revenue 2023: $2,220,314Expenses 2023: $1,807,854Net Income 2023: $412,4602023Revenue 2024: $2,252,403Expenses 2024: $1,785,024Net Income 2024: $467,3792024

Highlighted filing

2022

Revenue$2,020,656
Expenses$1,846,880
Net Income$173,776
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 31, 2024
Return Version
2022v5.0
Gross Receipts
$2,020,656
Mission and Program Overview

Mission

Social improvements by providing for the preservation of the architecture and appearance of the community, and by owning, operating, and maintaining the properties for use of all residents in the entire community on certain real property located in anaheim hills, california. Among the general purposes is to promote the common good, health, safety, and general welfare of all residents within the community. The population of the association is approximately 3,700. No grants are provided to others. The association owns and maintains common areas surrounding a community park and horse trails. All facilities are available to residents and their guests on an unrestricted basis.

The association is obligated to maintain landscaping and common areas and parks accessible to the community and the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,565,334$6,644,740▲ $79,406
Cash and Non-Interest-Bearing Accounts$187,473$163,631▼ $23,842
Accounts Receivable$17,428$37,657▲ $20,229
Prepaid Expenses and Deferred Charges$11,960$14,397▲ $2,437
Total Assets$6,782,195$6,860,425▲ $78,230
Liabilities
Accounts Payable and Accrued Expenses$162,857$80,868▼ $81,989
Deferred Revenue$64,815$54,455▼ $10,360
Other Liabilities$5,430$2,233▼ $3,197
Total Liabilities$233,102$137,556▼ $95,546
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,060,521$5,102,320▲ $41,799
Net Assets Without Donor Restrictions$1,488,572$1,620,549▲ $131,977
Total Net Assets Fund Balance$6,549,093$6,722,869▲ $173,776
Total Liabilities and Net Assets / Fund Balance$6,782,195$6,860,425▲ $78,230
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Majid MalekiPresident
Terry HesterMember at Large
William Van WinkleSecretary
Lawrence DickTreasurer
Steve FeitlinV.p.

Highest Paid Contractors

ContractorServicesLocationCompensation
O'connell LandscapeMonthly Landscape Service23091 ARROYO VISTA, Rsm, CA 92688$925,556
Firstservice ResidentialMonthly Management & Admin. Support15241 LAGUNA CANYON ROAD, Irvine, CA 92618$162,567
Revenue and Support

Revenue Composition

Contributions and Grants
$1,881,180
Program Service Revenue
$0
Investment Income
$72,225
Other Revenue
$67,251
Change in Net Assets
$173,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,978,857
Revenue Not Reported on Financial Statements
$41,799
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$41,799
Total Revenue per Audited Statements
$1,978,857
Total Revenue per Form 990
$2,020,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,846,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$154,974$6,817-$161,791
Fees for Services Management-$111,097-$111,097
Other Expenses$160,094$64,707-$64,707
Insurance-$56,550-$56,550
Fees for Services Legal-$25,356-$25,356
Fees for Services Accounting-$2,348-$2,348
Total Functional Expenses$1,580,005$266,875$0$1,846,880

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,846,880
Total Expenses per Audited Statements$1,846,880
Total Expenses per Form 990$1,846,880
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Income Taxes Payable$2,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association used the services of merit property management (from sept. 2010 to present) to handle day to day operations of the development including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

Form 990, Part VI, Section A, Line 6

“Upon purchase of a home with the development, each owner becomes a member of the association.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are voted upon by the membership at an annual meeting which requires a quorum of 50% of the 1,493 voting members. Board members serve a 2 year term and come up for election in alternating cycles.”

Form 990, Part VI, Section A, Line 7B

“Dues increases in excess of the 20% allowed by the davis-sterling act are subject to approval of the membership. Special assessments in excess of 5% of the budget are also subject to membership approval.”

Form 990, Part VI, Section B, Line 11B

“Upon preparation, a copy of form 990 is provided to the association's board of directors for review. Upon approval, the board's treasurer signs the return as board representative and mails the form to the ogden, ut processing center.”

Form 990, Part VI, Section B, Line 12C

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

Form 990, Part VI, Section C, Line 19

“Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Community Association
EIN
33-0400250
Phone
9494486000
Address
15241 LAGUNA CANYON ROAD, IRVINE, CA 92618

Signing Officer

Name
Majid Maleki
Title
President
Phone
9494486000
Signed
2024-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Majid Maleki
Formed
1989
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Owens Moskowitz and Associates Inc
Address
27792 EL LAZO, LAGUNA NIGUEL, CA 92677
Preparer
Robert a Owens CPA
Phone
9498515020
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in deferred assessments per fasb 606”

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1V.P.
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IRS990/MissionDesc0SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN ANAHEIM HILLS, CALIFORNIA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 3,700. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTAINS COMMON AREAS SURROUNDING A COMMUNITY PARK AND HORSE TRAILS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USED THE SERVICES OF MERIT PROPERTY MANAGEMENT (FROM SEPT. 2010 TO PRESENT) TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A HOME WITH THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 1,493 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON PREPARATION, A COPY OF FORM 990 IS PROVIDED TO THE ASSOCIATION'S BOARD OF DIRECTORS FOR REVIEW. UPON APPROVAL, THE BOARD'S TREASURER SIGNS THE RETURN AS BOARD REPRESENTATIVE AND MAILS THE FORM TO THE OGDEN, UT PROCESSING CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06782195
IRS990/TotalAssetsEOYAmt06860425
IRS990/TotalAssetsGrp/BOYAmt06782195
IRS990/TotalAssetsGrp/EOYAmt06860425
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01881180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0266875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01580005
IRS990/TotalFunctionalExpensesGrp/TotalAmt01846880
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0233102
IRS990/TotalLiabilitiesEOYAmt0137556
IRS990/TotalLiabilitiesGrp/BOYAmt0233102
IRS990/TotalLiabilitiesGrp/EOYAmt0137556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06549093
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06722869
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01580005
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139476
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02020656
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06782195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06860425
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
IRS990/USAddress/CityNm0IRVINE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092618
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAJID MALEKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09494486000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O FIRSTSERVICE RESIDENTIAL
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0330400250
ReturnHeader/Filer/PhoneNum09494486000
ReturnHeader/Filer/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092618
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330244756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OWENS MOSKOWITZ AND ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027792 EL LAZO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092677
ReturnHeader/PreparerPersonGrp/PhoneNum09498515020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A OWENS CPA
ReturnHeader/ReturnTs02024-06-05T13:05:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAJID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MALEKI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,860,425
Liabilities
$137,556
Net assets
$6,722,869
Revenue
$2,020,656
Expenses
$1,846,880
Net income
$173,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.77$0.17$7.60$2.25$1.79$0.47
2023Detailed filing. Detailed filing data is available for this year.$7.33$0.19$7.14$2.22$1.81$0.41
2022Detailed filing. Detailed filing data is available for this year.$6.86$0.14$6.72$2.02$1.85$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.78$0.23$6.55$1.88$1.61$0.27
2020Detailed filing. Detailed filing data is available for this year.$6.40$0.11$6.28$1.92$1.69$0.23